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US: Jones Apparel narrows Q4 loss | 13 Feb 08

Jones Apparel Group Inc today (13 February) said it had narrowed its fourth quarter loss, despite lower sales as it exited several sportswear lines.

US: Hemp fabric sales growing 10% each year | 12 Feb 08

The North American retail market for hemp textiles and fabrics exceeded US$100m in 2007 and is growing around 10% per year according to Hemp Industries Association (HIA).

Top stories on just-style this year... | 21 Dec 07

Here is a list of the top ten stories published on just-style during the past year. To read the stories in full, please click on the headlines.

JAPAN: Uniqlo still eyeing US acquisition – paper | 6 Nov 07

Fast Retailing, parent company of clothing retailer Uniqlo, is still targeting an acquisition in the US to build a platform for the company's international business.

US: Jones Q3 income surges on Barneys sale | 31 Oct 07

Jones Apparel Group has seen its third quarter profit soar five-fold, helped by the sale of its Barneys New York unit last month.

US: Jones Apparel to close Hanahan warehouses | 22 Oct 07

US fashion group Jones Apparel is planning to close down its distribution operations in Berkeley County, South Carolina, where nearly 300 people currently work.

JAPAN: Fast Retailing FY profit slips 21% despite rising sales | 11 Oct 07

Rising sales at Fast Retailing, operator of Japan’s largest clothing chain Uniqlo, were unable to offset a fall in full-year profit as the company struggled to stem losses in its overseas subsidiaries and new g.u. and Onezone formats.

JAPAN: Uniqlo September sales dip year-on-year | 2 Oct 07

Japan's Fast Retailing has announced that total sales at its Uniqlo fashion chain fell 7.5% last month.

Fast Retailing shows no sign of a slowdown | 21 Sep 07

Despite losing out in this summer’s takeover battle for upscale retailer Barneys New York, Fast Retailing is determined to quicken the pace of its global expansion in a bid to double its annual sales to JPY1 trillion by 2010. Michael Fitzpatrick reports.

US: Jones completes Barneys sale, plans share buyback | 10 Sep 07

Jones Apparel Group Inc has completed the sale of its Barneys New York Inc unit and says it plans to use some of the proceeds to fund a $400m stock buyback.

JAPAN: Fast Retailing picks up the pace of its global expansion | 4 Sep 07

Japanese casualwear retailer Fast Retailing Co Ltd is to open its first Uniqlo store in Paris in early December as it quickens the pace of its global expansion.

US: Jones Apparel appoints Offir to e-commerce post | 30 Aug 07

Jones Apparel Group has appointed Ronald Offir as its president of e-commerce, where he will be responsible for maximising the company's online channel across all of Jones' brands and divisions.

JAPAN: Fast Retailing wins bid for Cabin Co | 21 Aug 07

Japan's Fast Retailing has won a tender offer to buy the common stock of Tokyo-listed Cabin Co, as it turns its eye away from the Barneys New York chain.

US: Jones Apparel puts $22.5m price on brands to be sold | 14 Aug 07

The value of the brands that Jones Apparel hopes to sell by the end of this year is $22.5m according to a filing posted with the Securities and Exchange Commission today (14 August).

UAE: Istithmar plans five new Barneys stores | 13 Aug 07

The chief executive of Istithmar, the Dubai-based investment group purchasing Barneys New York, has told a local radio station that the company intends to open five US stores upon completing the deal.

JAPAN: Fast Retailing withdraws beaten bid for Barneys | 9 Aug 07

Japan's Fast Retailing has announced the withdrawal of its amended proposal to acquire Barneys New York having been trumped by Dubai-based private equity firm Istithmar.

US: Barneys takeover battle takes a twist | 8 Aug 07

Jones Apparel Group has signed an amended definitive stock purchase agreement to sell its Barneys New York subsidiary to Dubai-based Istithmar for US$942.3m.

JAPAN: Fast Retailing ups Barneys bid to $950m | 6 Aug 07

Fast Retailing has today (6 August) ammended its bid to acquire Barneys New York from Jones Apparel to US$950m in cash, after a rival $900m bid was submitted by Istithmar.

US: Jones posts quarterly loss of US$47.1m | 2 Aug 07

Jones Apparel Group has reported a second quarter net loss of US$47.1m for the second quarter period, as the company prepares to offload its Barneys New York chain. Same-store sales fell 8%.

JAPAN: Fast Retailing submits definitive offer for Barneys | 31 Jul 07

Japan’s Fast Retailing group has moved forward with plans to buy Barneys New York from Jones Apparel Group for US$900m in cash, submitting a definitive proposal to acquire the luxury chain.

JAPAN: Fast Retailing bids for Cabin casual wear chain | 20 Jul 07

Fast Retailing Co, operator of the Uniqlo casual clothing chain, is launching a friendly JPY14.7bn (US$121.3m) tender offer to take full control of the Cabin Co casual wear retailer.

UK: Fast Retailing to invest GBP5.25m in expansion | 16 Jul 07

Fast Retailing Co Ltd, owner of the Uniqlo casual clothing chain, is to invest an additional GBP5.25m in its UK operation.

US: Jones Apparel CEO resigns, Wesley Card steps into role | 12 Jul 07

Jones Apparel Group Inc, which is currently in the process of selling its Barneys New York business, today (12 July) announced the resignation of president and chief executive officer Peter Boneparth and said he will be succeeded by current finance chief Wesley R Card.

JAPAN: Fast Retailing nine-month profit drops 11.5% | 12 Jul 07

Fast Retailing Co Ltd, operator of the Uniqlo-brand casual-wear shops, on Thursday (12 July) reported an 11.5% drop in group profit for the nine months to May, blaming losses at its overseas subsidiaries and new GU and Onezone formats.

US: Fast Retailing submits rival $900m bid for Barneys | 5 Jul 07

Jones Apparel Group Inc has received an unsolicited offer for its Barneys New York subsidiary from Japanese apparel group Fast Retailing Co, the owner of the Uniqlo casual clothing chain, for $900m in cash – beating an $825m deal already inked with Dubai-based private equity house Istithmar.

US: Istithmar to buy Barneys for $825m | 25 Jun 07

Ending months of feverish negotiation and even more speculation, Dubai-based private equity house Istithmar said late Friday (22 June) that it had agreed to acquire Barneys New York from Jones Apparel Group about US$825m.

Star-led apparel collections seen as surviving trend | 25 Jun 07

They may be “cheap,” “badly made” or “short-changing” consumers, but celebrity apparel collections – such as supermodel Kate Moss’s Topshop range and pop star Madonna’s line for H&M – are likely to remain in vogue in the foreseeable future, as Ivan Castano reports.

US: Joseph Donnalley adds treasurer post at Jones Apparel | 15 Jun 07

Joseph Donnalley, senior vice president of corporate taxation and risk management at Jones Apparel Group, has taken the additional post of treasurer.

US: Jones Apparel stays guarded over Barneys sale | 14 Jun 07

Jones Apparel is keeping its cards close to its chest amid mounting speculation that the company could offload its luxury retailer Barneys New York as soon as this week.

US: Jones getting closer to Barneys sale? | 13 Jun 07

The Jones Apparel Group is reportedly drawing closer towards a deal for its high-end fashion chain Barneys New York.




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